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dom1971
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Canada Fluorspar, Colossus Minerals: Proof Positive that U.S. Quantitative Easing is Undermining Can

- James West - Midas Letter

"The only way to offset that is to print money at exactly the same rate. All else being equal in terms of future economic prospects, to NOT print money at this point is to sell the country into voluntary bondage."

Is it any wonder, then that that's exactly what most of the world is doing? Printing money to keep up? But we've lived with mandated inflation targets every single year for generations - worldwide. The world has been debasing slowly but surely for decades.... and intends to continue.

Do holders of debt worldwide rejoice at this news? Obviously those holding money / savings have lost purchasing power but it seems to me the flip side would be that those in debt now have less "real value" to pay off. So Johny FatWallet loses x% real value on his savings while Suzie Mortgagee gets an x% cut on her debts.

In theory it sounds like a decent enough mechanism to stop too much wealth condensing towards the upper classes. In Theory the "haves" are forced to "invest" in order to keep up with inflation, providing a pool of wealth that serves to enhance progress for the borrowing "have-nots", whose debts decrease in real terms over time.

Obviously things are far more complex than that, but it does make me wonder which side to cheer for here. Hard money or soft? Only holders of money *now* care if it loses value. Anybody in debt may well welcome it. Those that have neither probably don't really care.

There must be more to it than this. Perhaps somebody could enlighten me? Old money would not have allowed such a system to arise in the first place if it disadvantaged them so... I would have thought.

Commented 3662 days ago

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Beginning of the headline :While the media tone of coverage of Canada Fluorspar’s (TSX.V:CFI) buyout by Golden Gate Capital of San Francisco for a measly $38.8 million is decidedly congratulatory, the deal is better considered in the light of the loss of yet another would-be major contributor to future Canadian GDP, thanks in no small part to the oblivious Canadian Government. While America prints what amounts to subsidies for equity investors in U.S. markets, that incentive entices capital from around the world away from... Read More

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